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. the first three years of president obama it went from 10 trillion to 16 trillion. that's a huge increase. >> well, but this is not because of spending -- this is because the government has been spending to -- more people are on programs because of the unemployment etc., and so we have had a problem. i was on the simpson bowles commission. i actually introduced my own plan that did more deficit reduction, including, for example, creating a public option in healthcare that would save 104 billion dollars over ten years. so there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no? >> it wasn't because that was a kind of protest vote knowing very full well that this w
cuts. obama talks about the clinton years, but taxes were higher for lower income, families, child credits were not there, and lower rates. what's the problem is it did not apply to people and added layers of complexity to an already ridiculously complex tax code. as an investment advisers you have to deal with rates, created new ones nowings baa there's an additional 3.6, and if you're at this income, there's .9%, and you're creating many more bracts, not -- brackets. there's rates from 0, 5, 15, i think there's a 23.9 all for different levels, and then types of income. buying gold, that's taxed at 5 rate, stocks is ooe thing, and, you know, partnerships, it's totally complicated, and is not going to raise a lot of money versus the progressiveness of the tax code, but the multilayer complexity, a progressive simple tax code would be easier to deal with, remove the deductions and a complicated weird way to analyze the impact and mortgage deduction apply as much. phases out. we have a phase out called amt. neil: bill clinton maybe has the best example. he raised income taxes, but he
children saying president obamaments to continue to borrow trillion dollars a year. it's a two sided coins that they can learn from. >> the interesting thing, neil, about this is when you talk about the kids, we're talking about, you know, of course, the people of five and six years old or 10 or 15 years old, but don't forget, neil, there's generations not born yet. neil: absolutely. >> still the gleam in the eye; right? that's another point to make. i want to touch on something you were just asking charlie about. you know, one interesting thing about the policies of this president, when you think about it, and you think about the demographic groups the president won, young people, women, hispanics, blacks, young blacks, those, if you look at the official statistics, those are the very groups most victimized by the policies in terms of high unemployment and falling incomes. that's ironic as well. neil: i look,and, you know, i guess i could have critics if they didn't like the president using kids, but, first of all, the kids were thre, and their parents let them be there. in fact, a lot of
of the day, quite possibly the year, at 11:55 eastern, president obama will deliver his recommendations on stricter gun regulations issuing from the white house. executive actions expected but congress will still have to act on the biggest issues, and assault weapons ban and limit on high-capacity magazines meaning there has got to be a vote. gun advocates clearly ready for the fight. cnr a says it is 250,000 members in four week sent a couple days. total membership 4.25 million people. the fbi says it conduct a record 2.8 million background checks in one month, december, all for applications for people who want to buy guns. president obama will make his recommendations today, n.y. already acted. governor cuomo signed the toughest gun regulations into law last night. and assault weapons ban, magazine capacity limits, controversial provision, requiring mental health professionals to disclose whether or not they think a patient is a threat. the judge will join us on that and a couple minutes. 10:15 eastern, 11 or 12 minutes from now police chief john arrester will join the company. he sup
honorable decree from his royal highness, barack obama, we got rid of kings years ago, he has allege late testify work with, -- legislative to work with, not to gifforders. lou: he said it is easier to work without them, he said any deal too raise federal budget, has to include new tax revenues. not only do you have to raise the debt ceiling but you -- the republicans have to agree raise taxes. who house th has the gun to
here and spend 18 billion per year and immigration enforcement. gerri: and strangely obama is spending more deporting illegal aliens than george w. bush did, which is shocking. all right. a guard to let you go, we want you back to discuss this. we appreciate your time and thank you for coming in. >> thank you so much. a lot more still to come, including a new report on waste, fraud, and abuse on one of our nation's toughest prisons. tomorrow is the-state. the vice president releases his plans for reform. will obama wafer congress or go it alone? details next. ♪ officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breat ♪ fixodent, and forget it. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cas
, this is the year we have the historic moons lineup. gerri: obama in his second term. you say politically it is a great time. what do you believe should happen? should we get fannie mae and freddie mac out of the business of supporting the housing market? >> this is a multi-trillion dollars market. to say to get them out of the business is an extreme concept. gerri: why? >> we have to change the way they operate. the public companies with government support is not a good idea. taxpayers have too much at risk. but you can wind down the portfolio and keep them in a utility kind of role, providing a guarantee this week or last week, the consumer financial protection board put out rules. gerri: we reported on that extensively. i wanted to ask you about something you just said. he said he can't take out fannie mae or freddie mac but it seems to me if you don't, you run the same risk you had back in 2008 that alternately the government will be supporting mortgages that make absolutely no sense. >> for many years was the gold standard. high underwriting standards put out last week, very high qua
and melissaafrancis. >>> turning now to tes right? we're two weeks from i remind you biggest tax hikes in 20 years. president obama and congressional democrats already want more. take a look at this. >> by closing additional loopholes through tax reform, which speaker boehner has acknowledged can raise money in a sensible way and by doing some additional cuts we can arrive at a package that gets this thing done. melissa: seriously? could we actually be looking at more? is anyone safe? with me, stephen hayes from the weekly standard, and fox news contributor. we have a susan hoff former treasury senior advisor. welcome to all of you. susan sounds like more taxes are on their way. >> president obama has been speaking the entire time about balanced packages. he talked about a $4 trillion target. we have 2 1/2 trillion in the bank right now. we're looking at another 1 1/2 trillion. not all will be in taxes of the part will be in cuts and part in taxes. we can't be in place t ignore investments we need to make in infrastructure. there is report out today we could lose $3 trillion over next eight years.
.s. government, have you worked well with them? what's the tone as we continue now as we see four more years with president obama, obviously, the treasury secretary's moving on at some point, but, you know, how is that relationship with ford, one of our star manufacturers in the country? >> well, as you know, liz, i've been pleased to support the economic council, also the export council, and i really have been pleased to be part of that solution to talk about the importance. i worked together on solutions that foster economic development in the united states, and i know that the administration in congress know the value of manufacturing in the united states, and the work we did on the free trade agreement with south korea was fantastic. this is all about creating an environment where businesses can grow, especially led by manufacturing, and we're going to be exporting the explorer from chicago because of what we've done to improve our competitors in the united states to 94 countries around the world so there's no reason that we can't do this in the united states if we have a laser focus on
jersey, vermont had higher premiums. two years ago the obama health was started rolling out federal rules that affected everybody and they have pushed premiums across the country. for example no co-pays or deductibles for preventive care. there is no tooth fairy. of the insurance company has to pay the full cost of that colonoscopy or mammogram, you are going to pay a higher premium. adding children, adults children to their plans until they're 26 cluster premium. stuart: hold on a second. >> now some states, let me give you some examples, arizona, arkansas, idaho, iowa, oklahoma, ohio, virginia, that have customarily had premiums well below the national average are going to see their premiums double higher than 50%, even 100% increase and that is because the new federal rules that go into effect in 2014 will make those states follow the same rules that vermont, new york and new jersey already follow. stuart: as of 2014, 11 months -- >> guarantee issue. it means even if you are already sick the insurance company has to take you at the same price they take a perfectly healthy person. that
or for this president who is entering his second term. over the past four years in the face of obama's anti business attitudes and policies, the market has responded with love and excitement. the dow jones industrials has gone from 7,000, 7,949, are you ready for this, 13,649. pretty good by any standard. 5700 points. this is a guy who does not like wall street and does this. the s&p has gone from 805 to 1485. 1400's. 1485. that is a pretty substantial gain as well. 680 points. doing pretty good. the nasdaq is gone from 1440, 1440 to 3134. 3134. a mere 1700 points. but despite that improvement in the market a new poll from the health fined 60 percent of us don't expect any significant economic progress over the next four years of his presidency. only 38 percent of us say that we expect to be better off. that outlook doesn't change at the president does offer strong and positive leaders on the issues that matters the most americans. but the issues that matter most are not gun-control, not immigration, not even education. according to the most recent gallup poll, 21 percent of americans said the numbe
spending. neil: what was is 7 years ago when every democrat, including barack obama -- debt ceiling. >> can i finish this one point. at end of day raising debt ceiling is about paying bills that have been incurred. neil: i know that, what were democrats thinking 7 year ago when they voted gain it they were just addressing. >> it was political theater then and now, but now. neil: did you see that then? >> i was in college or grad school. you should have had me on. >> barack obama -- hold on, barack obama was saying it back then, there is so much santa money from the white house, national debt was 10 trillion when he came in, it is 16 trillion, he has not thinked for his talk about corporate responsibility and millionaires and billionaires paying their fair share that last tax bill as more corporate welfare to billionaire friends of barack obama than any pork bill we've seen so far. >> obama will not last too long when they see this hypocrisy. >> i cannot believe we're calling it responsible to consider defaulting on some of our obligation today so maybe at some point in the future there will
. year now, president obama addressing the nra's concerned yesterday. >> this will be difficult. there will be pundits and politicians and special-interest lobbyists publicly warning of the tyrannical all out assault on liberty. not because that is true, but because they want to generate fear or higher rating revenue for themselves. behind the scenes they will do everything they can to block any common-sense reform and make sure nothing changes whatsoever. charles: joining us is david keene. fight of the century. is that true? >> that is right. you have a president who is dedicated to achieving his ideological agenda, willing to spend political capital to fight the fight against public feeling and public attitudes that have been in place for many many years and to fight in spite of constitutional safeguards for those attitudes, you have a real battle royal. that is what we are going to have over the next few months because this president as you saw yesterday fired the first shot in a war that wayne lapierre was predicting last year. he is using the children to achieve an ideolog
to drive us to zero on employment, but the truth is it is not met in the year. the 26-member panel officially known as the president's council on jobs and competitiveness last convened on january 17th 2012. their mission expires at the end of the month unless obama extends its tenure. no surprise the group does not have that much traction. led by ge ceo. now, while he has his admirers, the company has received loves of negative press for cutting jobs at home while hiring overseas. as reported, a year ago in just one decade under his tenure ge cut 34,000 jobs in the u.s. but added 25,000 offshore, overseas. that's according to press reports. also, the american express ceo, the same month the council was formed the credit-card company announced plans to close the customer service center north carolina and cut 1500 jobs. led the group to not meet for months. after the sessions last set january it did not meet again for six months. ceos and union leaders argued some did not want to be seen with the president during the height of the campaign. unbelievable. add jobs council that won't c
president obama give or take. it could give or take half hour really, holding his first press conference of the new year. why now? joining us now is an editor at forbes. that's always the critical question, if you're a journalist, it is not who what when where why but why now? what say you? >> i think he's trying to basically beat the republicans to the punch to roll out a lot of platitudes about how both sides need to come together, that he's going to lead this -- them coming together to keep the federal government open, so that social security checks are mailed, basically it is a load of nonsense. you do not need to increase the debt ceiling to keep the federal government running. basically what would happen if they did not increase it is a washington that's never in history prioritized spending would be forced to do just that. social security checks would go out. the military would be funded. but maybe we would abolish some programs finally. so i think he's just trying to get ahead of the republicans. dagen: now, if it was going to be a pronouncement of platitude, though, john, he wou
coming up, the continuing resolution, the rest of the fiscal year 2013 spending, and there is the debt limit. we have already seen, obama will demagogue. he will send bernanke out to rattle financial markets, bully republicans, and i will be a tough fight to win. on the other hand, if they pick a fight on spending on the continuing resolution, that is where, as we saw in '95-'96 to republicans achieved a huge victory by fighting on that annual spending bill. at the debt is probably the better, stronger ground for fiscal conservatives the people who want smaller government and is where they should take up the five. gerri: i have to move on to the tone of yesterday's press conference with the president. what you to listen to what he had to say at the tail end of that conference. i want to know what you think. >> truism about me not sociizing enough and putting folks on te back and all that stuff. most people who know me know i am a pretty friendly guy. and i like a good party. gerri: pretty friendly, maybe with friends, but i tell you, that whole press conference, that did not seem very
down. you said 50% over five years, that is a 10% increase over five years each year. in none of premium increases the last 15 to 20 years. there is no significant actual increase. what we don't know is how the obama reforms on the cost side will bring costs down as more people come in to the system. there will be more unhealthy people in the system, a lot more healthy people in the system bringing more revenue for the insurance companies as well. we have to give reform time. this report was a little bit alarmist for the people in businesses right now. melissa: you are out in the field have in this exact experience. would you agree, cost going up between 65 to 100% over five years or even $3000 in the past four years, is that sort of what we can expect under any framework whatsoever, and we should be okay with that? >> the previous comments are completely false and we should stop convincing the american public about this charade that costs are going to go down. it really irks me that we continue to try to convince them otherwise. >> i didn't say they were going to go down. mel
, bank of america, citi group, and morgan stanley. the group ran up over 26% in the last year, and the estimates have come down considerably from sector to sector so this group, obviously, estimates trimmed to a certain extent. back to you. >> thank you, nicole. president obama addressed the nation on the looming debt ceiling warning a debt crisis could occur if congress does not raise the debt limit. rich edson is in washington, d.c. with the details. rich? >> both sides dug in, and president obama refuses to negotiate, congress should clear the way and put the responsibility squarely on congress. >> this is a matter of congress authorizes spending. they order me to spend. they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay all of this out for me, and because they have the spending power, and so i am required by law to go ahead and pay these bills. >> the president did sign all of that in appropriations into law. the white house
are ahead. 60%. only 34% expect economic real growth this year. only 36% have confidence in president obama's leadership. so, you're negative. the market is not. whole foods chief john macky, a little hot water after comments he made in a radio interview on obamacare. what he said, technically speaking it's more like fascism, socialism is where the government owns the means of production, in fascism the government doesn't own the means of production, but they control it and that's what's happening with our health care program. mackie says he regrets using the word fascism and clarified on fox and friends. >> mostly i was trying to describe obamacare, free enterprise capitalism which allows value tri exchange between businesses and individuals and it's the basis for prosperity in america, and allows innovation, creativity, freedom of choice. we're moving away from that, so, trying to let people see that that's probably not going to be as effective as if capitalism itself was allowed to work in the marketplace. stuart: that's interesting, government controlled health care. let's bring in da d
was unveiled on this business state january the 17th sparking 60 years of battle to metal find. levitt. we will be right back. the answer to a the question of the day. does obama want to get rid of the second amendment? i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer through 6 months. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events, including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell
attack since before obama even got into office, and i think a lot of us shared that concern several years ago, and it was reenforced when he said to the reference of remember these people stick to their guns and their religion, and when he made that statement, i think that was really a wakeup call for a lot of people. >> we have behind you semiautomatic rifles, and there are people who stricter gun regulation in the united states. why do you need a semiautomatic rifle if you're a firearm supporter. how would you react to them? >> semiautomatic rifles, for example, the ar-15, is really part of our culture. anybody that grew up, did military service in the 70s, was trained on an m-16, and it's kind of consistent with what we do with appreciating using similar-type weapons that we were trained on in the military, but this is a civilian legal version of the same thing. >> quickly, supporters of the second amendment believe in their need and right to protect the citizenry against aty rankle government, is that accurate? >> it is. a lot of that is lost in translation where people don't realize
for sort of a mini correction? >> well, we talked about last year that we had uncertainties to overcome, whether -- first, it was whether obama care was going to be the law of the land, then who our president was going to be, and then last piece in the puzzle, which unfortunately is going to take a little while to figure out is the fiscal cliff because the next component of it is going to be the debt ceiling. so i mean it is going to create some uncertainty. if we get into real tension negotiations, you know, it could be ugly again, and i don't see a big huge drop, but we could see a lot more volatility. liz: dan is tuning out anyway because he has a whole bunch of picks that he hopes will have the same type of return that he had for six months on genesse wyoming. your first pick is down 10% over the past year, it's an aerospace pick. >> one of my best analysts did great work on this. it's been a holding on us. owned more and owned less. great longer term holding. they've hit some speed bumps, but we feel comfortable as they're in a good position as the aerospace area continues to grow.
said, "man, this pepper shaker is so 16-year-old boy with a cheesy mustache." just saying. neil: as we all know president obama likes whole foods especially the arugula. president's health care law after apologizing calling it fascism. he is still not a fan. co-ceo john mackay would like to leave health care to the private sector but have companies that care about people handle it. that was essentially his new book, consensus. conscious capitalism. all about that. this is the guy all about doing the right thing. john, good to have you. >> thanks, good to be here, neil. neil: we were briefly trying to get to the bottom of the break when you started to getting vocal on these issues. i think you always have been. you have a very strong point of view when it came to the role of government and the private sector. what brought it out or got it really big? was it the campaign? >> i don't think so. i mean, i was very concerned about the health care law. i thought it was going to be bad for business. >> why? >> it will drive up costs. neil: you saw that a lot sooner than a lot of ceos. what got
. the year rising. we are back now. i want to get your reaction, if i may, as to what is your reaction to these reports that the white house, the obama administration was cautioning the algerian government on how to respond to this hostage taking and this group of terrorists? >> i think that is probably exactly right. i think the algerians are very experienced people at fighting, and they don't give a lot of time to develop. i think it is probably very crude to say that i think the algerians value that gas production more than the people that were being held hostage. there were very worried about the plan being destroyed. i think that i why they moved right away. >> they were concerned, and i heard it in my debate. the americans and the french could do it. there was a draw fying. special forces moving. they looked very conceed that we would go in and therefore they could not absorb a politically. they went. lou: ignored by washington, european capitalists. >> what i think the algerians understood, knowing what they know about those g how this, if they don't terminate the issue very qui
Search Results 0 to 38 of about 39 (some duplicates have been removed)